A Differentiated and Compelling Investment Opportunity slide image

A Differentiated and Compelling Investment Opportunity

The FF 91 Has Already Completed Most of the Vehicle Development Hurdles T-44 FEASIBILITY PHASE CONCEPT PHASE T-36 T-25 PRODUCTION PREPARATION F T = 0 (TRANSACTION CLOSE) DEVELOPMENT PHASE (ENGINEERING VALIDATION AND VERIFICATION) T-1 WORKING/FUNDED MONTHS FF 91 USER EXPERIENCE LAUNCH T +9 START OF SALES T +12 CONCEPT 29 PROTOTYPE ASSETS 13 PRE-PRODUCTION ASSETS BUILD IN PROTOTYPE (PROTOTYPE AREA AT FACTORY) PRODUCTION TRY OUT START OF SALES FF 91 CURRENT STATUS PRODUCTION TOOLING (91% COMPLETE) PRODUCTION EQUIPMENT (75% COMPLETE) BUILD IN PRODUCTION LINE Pre-production Build Concept Build Prototype Build ✓ Systems installation ✓ Prototype initial Vehicle assembled to design specification ✓ validation and calibration Prototype tooling utilized Vehicle has full intelligent driving and control function features System integration and development Vehicle technical specification validation Propulsion system calibration Production Try Out Non-Saleable Build: Futurist Experience ID and correct process and I.A.I user interface interaction issues - Simulated full manufacturing and production process Non-salable phase results in better performance against quality targets. Non-salable vehicles can be upgraded to salable vehicles Start of Sales Ready for Commercial Use Homologation & certification complete Engineering sign-off & quality review passed Assembly line is accelerated in a stair-step process until target run-rate is achieved FUTURE GATING EVENTS. COMPLETED GATING EVENTS. 2021 FARADAY FUTURE 34 4 PROPRIETARY AND CONFIDENTIAL
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